Bajaj Housing Finance shares are listed today, September 16, 2024, at ₹150 on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), marking a 114.29% increase from the IPO issue price of ₹66-70 per share.
Investor demand: The company’s ₹6,560 crore IPO was subscribed 63.61 times, with strong demand from qualified institutional buyers (QIBs) who subscribed 209.36 times. The grey market premium leading up to the listing was around ₹79.
Profit per application: Investors are seeing substantial gains, with retail applicants earning a profit of ₹17,120 per application, high-net-worth individuals (HNIs) gaining ₹2,39,680 per application, and shareholders earning ₹17,120 per application.
Market performance: Analysts expect stable performance from Bajaj Housing Finance based on its fundamentals, though some concerns remain about asset concentration and exposure to the real estate sector.
IPO breakdown: The IPO includes a fresh issue of ₹3,560 crore and an offer-for-sale (OFS) of ₹3,000 crore by parent company Bajaj Finance. The funds are intended to support the company’s capital base for future growth.
This listing reflects investor interest in the housing finance sector and Bajaj Housing Finance’s potential for expansion.
